Last Updated : Monday, March 30, 2020 19:22:12

TATA POWER’s Georgian Hydro Power Project commenced commercial ops

MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered Indian Diversified Conglomerate Tata Group’s power sector arm – Tata Power Company Ltd said of having commenced commercial production at the company’s joint-venture Shuakhevi Hydro Power project in Georgia.

In a press-release titled, “Tata Power’s JV Shuakhevi Hydro Power Project in Georgia Commences Commercial Production,” as enclosed with the regulatory filing as submitted by the company to the Indian Bourses further read that the commenced project is the largest energy project built in Georgia in the last seven decades and the project represents a crucial step towards Georgia’s energy independence.

The release further read that, Adjaristsqali Georgia LLC, a Joint Venture between Tata Power, Norway’s Clean Energy Invest (CEI), and International Financial Corporation (IFC) has announced the start of commercial operation of the 178 MW Shuakhevi Hydro Power Project (Shuakhevi HPP) located in southwest Georgia.

Further, AGL will be soon  commissioning the 9 MW Skhalta Hydro Power project which is also a component of the overall Shuakhevi Project scheme.

The Shuakhevi HPP is the only project in Georgia’s energy sector which has been funded by three of the largest financial institutes such as European Bank of Reconstruction and Development (EBRD), Asian Development Bank (ADB) and IFC, a member of the World Bank Group.

The project will generate around 450 GWh of clean energy to reduce the emission of greenhouse gases by more than 200,000 tonnes a year.

The successful completion and start of commercial operations are considered crucial for the integrity, security and energy independence of Georgia.

The power generated by the project will be exclusively sold within Georgia throughout the winter which is a period of energy deficit.

Adjaristsqali Georgia LLC, is a Joint Venture between Tata Power, Norway’s Clean Energy Invest, and International Financial Corporation – IFC (part of the World Bank Group) and the overall project cost is approximated USD 500 million.

Tata Power has an installed hydro power capacity of approximately 500 MW with three plants in Maharashtra which generates power for the domestic market.

Tata Power also established India’s first hydroelectric power generating station of 40 MW at Khopoli in Maharashtra more than a century ago.

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